Egypt Equity Markets | 26 Nov 2015: Egypt’s bourse ends on positive note, equities gain EGP 667 million …

Cairo, Egypt, Capital Markets in Africa —– Egypt Exchange equity trading ended on a positive mood at the end of today’s session. The equity market capitalization added EGP 667 million (about US$85.3 million) to end at EGP 415.592 billion relatively to the previous market capitalization of EGP 414.925 billion.  

The benchmark index EGX30 gained 36.75 points or 0.58 percent to close at 6,427.82 points. The equal-weighted indexes EGX50 grew by 0.33 percent or 3.66 points to trade at 1,101.04 points. EGX70 index, which measures small and mid-cap index, lost 0.21 percent or 0.74 points to end at 350.43 points. The broader index EGX100 rose by 0.01 percent or 0.74 points to close at 745.22 points and the EGX20 capped index surged by 0.19 percent or 12.05 points to close at 6,290.97 points.

From market activity viewpoint, today turnover was recorded at EGP 365.759 million (relatively to EGP 377.662 million at the previous trading day) exchanged in 246,318,344 traded securities (against 178,675,958 recorded yesterday) in 14,747 deals. Local and Arab investors came as net buyers with EGP 13.6 million and EGP 6.2 million respectively, while foreign investors came as net sellers with EGP 19.8 million. Institutions came as net sellers, especially the foreign ones, while retail traders were net buyers except the Arab investors.

Out of the 163 traded stocks today, there were 63 price gainers and 62 price losers which bring the market breath to end in the positive zone. The price gainers were TransOceans Tours grew by 14.29 percent to end the trading sessions at US$ 0.08 and Sabaa international advanced by 9.29 percent with a closing price of EGP 4.59. Belton Financial Holding gained 5.87 percent to end at EGP 3.79. National Bank of Kuwai Egypt also added 5.65 percent to settle at EGP 20.01 and International Company For Investment & Development soared by 5.52 percent to close at EGP 8.80.

On the other hand, Golden Textiles & Clothes Wool declined by 6.32 percent to close at EGP 4.00; Reacap Financial Investments lost 6.27 percent to end at EGP 2.39 and Arab Ceramics  dipped by 6.08 percent with a closing price of EGP 3.40. Equally, Misr Beni Suef Cement and Orascom Telecom Media & Technology Holding lost 6.06 percent to end at EGP 2.79 and slid by 5.17 percent to trade at EGP 0.55 respectively.

On the final note, Healthcare & Pharmaceutical sector index remained flat to end at 2,362.54 and Chemical sagged by 0.99 percent. Banks sector index added 1.07 percent or 30.91 points to close at 2,918.73 points. Basic resources sector index advanced by 0.50 percent and Food & Beverages gained 1.86 percent. Construction & Materials slid by 0.03 percent and Industrial Goods & Services lower by 0.30 percent. Travel & Leisure sector index rose by 1.90 percent and Real Estate slumped by 0.19 percent. Telecommunications rose by 0.05 percent and Financial Services excluding Banks higher by 0.25 percent.